Aug. 24 at 7:39 PM
$ECC On 7/31, the NAV was
$7.49, and the share price was
$6.88. I looked at the ECC 2024 annual report, and the gist I got was that they'd DRIP 95% of the NAV on the last day of a month, although I could have that wrong. Please correct me if I do.
So, the DRIP was at
$7.11 (
$7.49 x 0.95) on 7/31, while the share price was
$6.88.
For the month of August, if that DRIP description holds, it seems like it'd be a better deal not to DRIP it, but just take the cash, because the share price is probably going to be higher than it was on 7/31, which probably means that the NAV will be higher too.
Thoughts?
